Question No 21 of TS Grewal (CBSE)

A business earned an average profit of Rs. 1,20,000 during the last four years and the normal rate of return in similar business is 15%. If goodwill of the firm is valued at Rs. 1,35,000 at 3 years’ purchase of average super profit, find the capital employed of the firm.

Solution No 21 of TS Grewal (CBSE)

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